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Real Estate in Australind Set for Growth

By Kevin Kelly

Anyone who has their sights set on a property investment in Western Australia should find that real estate in Australind offers plenty of opportunities.

The NAB Residential Property Index for the first quarter of the year identified several locations where capital growth is expected to be above average over the next 12 months.

One of them is Australind, which is tipped for a positive year alongside Armadale, Woodlands, Cockburn, Joondalup, Mandurah and the Perth CBD.

This could be just what people need to give them a push to enter the property market if they have been waiting on the side lines over recent years.

NAB's findings suggest buyers in the suburb are likely to be going in search of established property, as demand for this type of real estate has proved strong across the nation.

Premium properties are also predicted to be in high demand, although houses and apartments valued at under $5 million are likely to have the strongest prospects.

However, foreign investors are expected to have a considerable impact on the wider market, as their interest in established real estate reached an all-time high of 9.5 per cent during the first quarter.

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